TITLE:
Research on Fintech, Regtech and Financial Regulation in China—Taking the “Regulatory Sandbox” of Beijing Fintech Pilot as the Starting Point
AUTHORS:
Yuqi Chang, Jinmiao Hu
KEYWORDS:
Fintech, Regtech, Financial Regulation, Regulatory Sandbox
JOURNAL NAME:
Open Journal of Business and Management,
Vol.8 No.1,
January
16,
2020
ABSTRACT: This article takes the Chinese version of the “regulation sandbox”
officially launched in Beijing on December 5, 2019 as the starting point for
research. First, it analyzes the development trend of Fintech and the basic
situation of domestic Fintech development. Then, by combing the current
development trend of China’s Fintech to the challenges brought by financial regulation and the
stable operation of the financial industry, it is pointed out that under the
situation of network and distributed application of Fintech, improving the
capability of Regtech can promote the change of financial regulation model;
Finally, in combination with the main regulatory scientific and technological
means that have been implemented with the development of financial technology
in the world, this paper puts forward
relevant policy suggestions on improving the financial Regtech framework in
China.